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Mortgage Glossary

FHA Streamline Refinance

Mike Starr·Reviewed August 2026

An FHA Streamline Refinance is a simplified refinancing option for existing FHA loan holders that requires minimal documentation and no new appraisal. Its goal is to reduce the borrower's monthly payment or interest rate. Borrowers must be current on their existing FHA loan and demonstrate a "net tangible benefit," such as a lower rate or payment, to qualify.